Brazilian property market bolstered by burgeoning middle class
In 2003 Brazil’s Middle Class (Class C) numbered 64 million people. Today this figure has risen to a mammoth 91 million earning a substantial 46% of the total Brazilian yearly income. Everything from credit card applications to satellite TV subscriptions is accelerating to match – and next on the list for Brazil’s Class C are stylish homes.
Samantha Gore, Sales & Marketing Manager for Brazil real estate specialists uv10.com, comments, “Brazil’s burgeoning Middle Class is highly aspirational and a suburban home offering an improved quality of life is high on the list. Trouble is there is a supply shortage in this price bracket which developers are now racing to fill. One option is Sonhos do Mar, a ten-minute commute to Natal city centre. Here three bedroom villas can be bought under market value to resell to the local market or be rented out with an optional four-year guaranteed income. It’s a very popular and profitable way to invest in the strong Brazilian property market.”
Suburbia doesn’t get much better than Piúm, the setting for Sonhos do Mar. This beach and riverside village, within striking distance of Natal’s famous four kilometre long Ponta Negra Beach, ticks many Middle Class boxes. Accessible for work, yet a world away from high rise city living.
From the same drawing board as Capim Macio Residencial, one of Natal’s best-selling projects over the last three years, Sonhos do Mar is made up exclusively of three bedroom villas alongside extensive well thought-out facilities. Shared amongst an elite group of 48 homes are tennis and volleyball courts, a gymnasium, football pitch, two swimming pools and a Japanese Zen-style Ofuro Spa. The community is gated and also counts a restaurant with traditional Brazilian barbecue amongst its attractions.
Arranged over 100m², the Sonhos do Mar semi-detached villas are light and airy with vaulted hardwood ceilings, three bedrooms, two bathrooms and private garden areas. Each has two parking spaces and the reassurance of a 24-hour concierge / security service. Construction is in the final throes and completion is due in April 2010.
With only five prime villas left to market, the real ‘wow factor’ comes in the price. Officially valued at 225,000 Reais (80,000 gbp), the developer is releasing this final phase for just 190,000 Reias (67,000 gbp). He has committed to resell them to the local market for a higher value as and when the owner wishes. If that were not security enough, there is also the optional rental guarantee of 6% for four years from completion, although uv10.com would suggest operating outside of the guarantee as estimated returns are pitched as high as 9.5%.
For further information, visit uv10.com.
